News of Global Compact Network Switzerland

The COVID-19 Pandemic has increased financial pressures as well as disrupted operations and corporate compliance programmes. Businesses are faced with heightened fraud and corruption risks throughout the organization and supply chain. 

The ocean will undoubtedly play an essential role in recovering from the COVID-19 crisis and delivering on the Global Goals by keeping trade moving between nations and providing sustainable energy and healthy food for all.

The COVID-19 crisis is testing the world’s humanity and resilience at a time that is already marked by acute inequality. With the socio-economic impacts of the pandemic hitting vulnerable and marginalized groups particularly hard, companies can step up to support communities in need.

In the wake of the economic volatility created by the COVID-19 pandemic, it is clear that environmental, social and governance issues are material factors that businesses must manage appropriately. From immediate relief efforts to long-term recovery strategies, sustainable finance is a key part of the solution.

The COVID-19 crisis has uncovered the huge decent work deficits that still prevail in 2020. In particular, the crisis highlights the vulnerability of millions of working people and the lack of social protection coverage. At the same time, many small businesses are operating in precarious situations and global supply chains are often too weak to be sustainable.

While the world continues to face a global climate emergency that challenges both humankind and livelihoods, the COVID-19 pandemic has brought the inadequacy of the global response to the climate and biodiversity crises into sharp focus.

Go to top